Nassim Nicholas Taleb - The Black Swan: The Impact of the Highly Improbable
Nassim Nicholas Taleb, expert on risk and randomness, discusses "The Black Swan: The Impact of the Highly Improbable," presented by Harvard Book Store. Nassim Nicholas Taleb defines a "black swan" as a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The success of Google was a black swan; so was 9/11. Black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives. How can this phenomenon be better recognized and understood? This lecture contains strong language.
More lectures at forum-network.org.
This talk was taped on May 19, 2010.
Пікірлер: 78
This guy is just so marvelous. He is a remedy against the modern world.
I’m listening July 2020, and we’re exactly the situation he was talking about 7 years ago.
@elijahroman170
2 жыл бұрын
sorry to be offtopic but does anybody know of a trick to get back into an Instagram account? I was dumb forgot the account password. I would appreciate any tips you can give me.
@kaseelisha9155
2 жыл бұрын
@Elijah Roman instablaster :)
@elijahroman170
2 жыл бұрын
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@elijahroman170
2 жыл бұрын
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@kaseelisha9155
2 жыл бұрын
@Elijah Roman no problem :)
*_Fat Tony has a saying, "It's easier to scam people of billions then to scam them of thousands. It's a lot easier to fool the multitude than to fool a single person."_*
This man has such an interesting view on things. It's mind blowing what he tells in all his speeches and books.
@carlosfernando8768
8 жыл бұрын
Bom 8
@vimalcurio
3 жыл бұрын
@@carlosfernando8768 wdym
Great Speech!
Maestro seems well rested. I wish I read his books 10 years ago.🙏
@Senecamarcus
3 жыл бұрын
True. I think the same. I wish I knew about him 10 years ago.
@mas1085
Жыл бұрын
@@Senecamarcus Same here
2:40 the funny thing with Taleb is he always experiences issues with technology while explaining antifragility In stanford lecture he spilled water on macbook, now he is getting major mic feedback :D
The video is from May 2010.
I agree he does ramble abit, still has some good ideas
truly amazing=]
Good lecture. He seemed so pompous at the beginning, but after the first few minutes, became much more charming. What's the deal with that?
I like the gaffer's tape on the microphone. It's an anti-fragile material.
More complex equals more fragile ....interesting point but stands to reason. One ox + one wooden plough equals robust. hmm Risk: I choose the top line .....(but have a bolt hole for what is sure to come!)
Starts at 1:25
resonance is funny i like it
lol he said wtf wow he is my true mentor~!
great person,deep insight of market,must master his ideas to be successful dr satish
If Taleb does not want individuals to pay for the miscalculations of "too big to fall" business, why did Clinton scrap the distinction between investment and savings Banks in the first place? Secondly, why do households borrow, and why did credit proliferate in the 1980s? Doesn't it have to do with income distribution in the economy?
It's absolutely amazing how often the "experts" are dead ass wrong.
Did he mention Fat Tony at 25:08?
"I can not hedge risk of epidemics" 45:43 - Hello Corona Virus, can you hear me ?
Most said word goes to "shmucks"!
Starts at @1:24
Black Swan = Breaking or end of a commonly accepted belief e.g. when the earth is flat - the sun rotates around the earth- type of beliefs are shattered.
May 2021
I thought it was my tinnitus getting worst.
@vimalcurio
3 жыл бұрын
do you have
That's his general demeanor; at least in his books. Very ireverant, prone to criticize others ect. it get's annoying at times but has value.
audio extremely low.
Rules of memetical nature
Taleb begins at 1:25
I thought this man wrote the script of the Black Swan movie i'm such a dumbass
every one of his jokes fell flat…i started feeling bad for him…i cant learn from people i feel bad for
@jonathanantoine4962
Жыл бұрын
No need to let the internet know you are an idiot, nobody care
Such an compelling talk ruined by the numpty who set up the audio. A real struggle to concentrate on what’s being said.
That mic sound is driving me crazy
@tylerbrandon460
4 жыл бұрын
Did they set up for a speech or a Latin American singer.
@mas1085
Жыл бұрын
The video is 12 years old old tech back then
Black swan also applies to technology
doesnt make much sense. If you need to apply the live cycle or a corporation to human life. Think Jimi Hendrix is going up Mozart is stable
3:45 sure professor taleb by the same logic lets return to the bronze age so we can avoid the majority of black swans
@user-rf1nk5ef8p
4 ай бұрын
Jesus what troll are you, can’t even hide it
ok emotional Impact = blackswan events = too much noobs in the market = iam out of the game.
Taleb often boasts about himself and mocks others, but besides that tiresome insecurity, Taleb offers some gems of wisdom, albeit inefficiently so. Still, Taleb relies too heavily upon pomp and ironically enough, his own antidotes when critiquing antidotes.
@coven-docx
2 жыл бұрын
thanks for saying it, haven't seen another person mention this...
Rewatching this as California electrical power monopoly goes into blackout
I have been known to read an entire book to get a few paragraphs of real wisdom, but this was unbearable.
is it me or does he just rabble
@nparbat8182
4 жыл бұрын
its just you.
29:48 44:57 47:53 ops, hahhaha,,,,,
haha
lol So basically he said cnbc hosts are donkeys! lol
I guess we know who's the schmuck here! I started to read "Black Swan" and couldn't stand it to finish it. Now I hear him talking it's even worst. He has interesting theories that I agreed with but how can you trust a judgment of such a person?! It's all clouded with anger, hate and jealousy. He is no less ignorant than all the people who he accuse of being so. What a miserable human being! I feel sorry for him.
@Stoney-Jacksman
6 жыл бұрын
you seem kinda jelly..
His speech is so disorganized and full with "stuff like that" and "that stuff"' . Very disappointing for someone with a Ph.D. and what is so smart about his ideas? They are not robust themselves
@Deepskies1
3 жыл бұрын
there is a full chapter in the Black Swan that talks about a mindset reflected by your comment, you are illustrating it perfectly.
@vimalcurio
3 жыл бұрын
@@Deepskies1 lol
You really have had to spent your whole professional life inside a university to go on a world stage with a hair like that!
if hes lecturing and he cant abstain to pronounce the f. word, then he' dont have any name, hes a nobody, and will stay a nobody, that also means that he has no respect for the audience or for himself either, ergo, a paria, nobody., , no matter how many books he writes. i made my opinions more..... robust, to stand the test of time and avoid black swans like taleb lecture in today's events
Methods for Portfolio Robustness are at 41:30